IMF Managing Director Horst Köhler Welcomes U.S. Interest Rate Cut

The Managing Director of the International Monetary Fund, Horst Köhler, welcomed today's reduction in key U.S. interest rates by the Federal Reserve Board.

"This timely adjustment of monetary policy is appropriate to help ensure a soft landing in the United States and to strengthen prospects for sustained growth in the global economy," Mr. Köhler said.